EcoFactor Provides Consumers With Significant Savings on Electricity Bills and Supplies NVE With Intelligent Demand Response
REDWOOD CITY, CA–(Marketwire – Nov 13, 2012) – EcoFactor® (http://www.ecofactor.com/), the leader in cloud-based software services for home energy management, today announced that NV Energy, Inc. has begun mass deployment of the EcoFactor service under the NV Energy mPowered brand.
The integrated demand side management partnership calls for EcoFactor to deliver both double-digit energy savings to consumers, and a minimum of 20 megawatts of load reduction in the Las Vegas market during the first phase of deployment. Additional phases are also planned.
The launch of the NV Energy mPowered solution with EcoFactor stems from the success of a pilot program in the Las Vegas metropolitan areas. Results of measurement and verification studies conducted by NV Energy during this pilot showed that the EcoFactor service simultaneously:
EcoFactor’s patented, cloud-based energy service analyzes a home’s specific heating and cooling system information, thermostat settings, personal preferences, indoor temperatures, local weather conditions and several other behavioral factors. Using an Internet-enabled thermostat, the EcoFactor service continually learns and adapts to these factors, automatically making small adjustments to thermostat settings throughout the day to reduce energy consumption and shift energy use without compromising comfort. EcoFactor helps residents heat and cool their homes more efficiently, saving money on their utility bills. The service helps leading-edge utilities like NV Energy maintain customer comfort while effectively managing demand-side impact on the grid.